The impact of Lehman Brothers on Romanian banks listed on BVB
AbstractThe current economic crisis was defined by analysts as the worst financial crisis since the Great Depression of the 30’s, countries under development being confronted with an accelerated reduction in the economic growth and labor force, negative impact on the commercial balance sheet and balance of payments, severe drop of private net capital flows and direct external investments, reduced access to loans and trade financing, exchange rate fluctuations, reserve meltdown, increased volatility and price decrease for stocks. In this paper, we try to identify if there is an impact of Lehman Brothers stock on Romanian banking stocks listed on Bucharest Stock Exchange. We can say that a significant impact on reducing Romanian banks securities was prompted by the economic situation (financial crisis international) and less by U.S. bank, Lehman Brothers, bankruptcy.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Finance - Challenges of the Future.
Volume (Year): 1 (2010)
Issue (Month): 12 (December)
Romanian banks; Lehman Brothers collapse; ARCH/GARCH model;
Find related papers by JEL classification:
- G01 - Financial Economics - - General - - - Financial Crises
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Magda Florin-Mihai, 2013. "The Implications Of Marketing Activity In Risk Analysis, Core Element Of Lending Policy To Commercial Banks," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 186-196, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alina Manta).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.